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Bankruptcy Exemptions Bankruptcy exemptions are legal provisions that allow a person to keep certain assets when they file for bankruptcy. These exemptions vary from state to state and can also be affected by federal law. In the United States, bankruptcy is a legal process that allows individuals or businesses to eliminate or repay their debts. […]
Happy Holiday and a Happy and Healthy New Year to all!This year, we received many referrals from friends and colleagues.At Shenwick & Associates, we have been very busy counseling clients with regard to defaulted SBA EIDL loans, advising clients who want to vacate their leased property in Manhattan, and dealing with Good Guy Guaranty issues.Personal bankruptcy filings have increased and we expect more personal bankruptcy filings in 2023 due to the new procedures in place for discharging student loans in chapter 7 bankruptcy, due to “hardship”.
Jim Shenwick
Happy Holiday and a Happy and Healthy New Year to all!This year, we received many referrals from friends and colleagues.At Shenwick & Associates, we have been very busy counseling clients with regard to defaulted SBA EIDL loans, advising clients who want to vacate their leased property in Manhattan, and dealing with Good Guy Guaranty issues.Personal bankruptcy filings have increased and we expect more personal bankruptcy filings in 2023 due to the new procedures in place for discharging student loans in chapter 7 bankruptcy, due to “hardship”.
Jim Shenwick
CBS News has a post titled "Already slammed by inflation, small businesses struggle to repay COVID-19 disaster loans". The post can be found at https://www.cbsnews.com/news/small-businesses-eidl-loans-repayment-infla...
This article is consistent with what we are hearing from many clients, who took out EIDL covid 19 loans and who are unable to repay them due to market factors. Jim Shenwick, Esq [email protected] 212 541 6224
CBS News has a post titled "Already slammed by inflation, small businesses struggle to repay COVID-19 disaster loans". The post can be found at https://www.cbsnews.com/news/small-businesses-eidl-loans-repayment-infla...
This article is consistent with what we are hearing from many clients, who took out EIDL covid 19 loans and who are unable to repay them due to market factors. Jim Shenwick, Esq [email protected] 212 541 6224
Many clients contact Shenwick & Associates and ask if they are liable for a spouse's debts, particularly student loans. AOL has an article titled “ Does My Spouse Have To Pay My Student Loans If I Die?” which answers that question and others. The article can be found at https://www.aol.com/finance/does-spouse-pay-student-loans-143003556.html
Jim Shenwick, Esq. 212 541 6224 [email protected]
Many clients contact Shenwick & Associates and ask if they are liable for a spouse's debts, particularly student loans. AOL has an article titled “ Does My Spouse Have To Pay My Student Loans If I Die?” which answers that question and others. The article can be found at https://www.aol.com/finance/does-spouse-pay-student-loans-143003556.html
Jim Shenwick, Esq. 212 541 6224 [email protected]
kiro 7 is reporting that "Student loan debt: 9 million wrongly told they were approved for debt forgiveness" The article can be found athttps://lnkd.in/e9iAtkkV
Jim Shenwick, Esq. 212 541 6224 [email protected]
kiro 7 is reporting that "Student loan debt: 9 million wrongly told they were approved for debt forgiveness" The article can be found athttps://lnkd.in/e9iAtkkV
Jim Shenwick, Esq. 212 541 6224 [email protected]
Biden administration asks the Supreme Court to take on another student-loan forgiveness lawsuit, saying the lower court blocking the debt relief 'profoundly erred as reported by Yahoo at https://lnkd.in/egUmizFb
Jim Shenwick, Esq 212 541 6224 [email protected]
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